China is where we often see crazy cheap smartphones, but the upcoming JiaYu F1 really is something special. See, this is a device running Android 4.2 Jelly Bean that is only going to cost $50 when it’s released in the near future.

Yes, you read that right. And yes, this price is for an unlocked unit – sans contract or long-term commitment. So you may be thinking that it’s incredibly low-end then. Well, it is. At least for this day and age. Yet only a few years ago, specs like the F1’s would have been considered the cream of the crop.

It’s got a beefier battery than most midrangers today, and the low RAM really is the main pain point here. But at $50, we assume you’ll be able to live with it just fine.

There’s no word just yet on when it will be out in stores, and you shouldn’t expect it to ever make it to anywhere outside of China, but the JiaYu F1 is a great example of how far we’ve come, in terms of mobile device specs, in just a few short years.